Why would Sony drop the price?
The PS Vita is currently the most powerful handheld gaming console available. It's roughly as powerful as Sony's PlayStation 3 home game console -- some games are even available on both, and can be purchased simultaneously through Sony's cross-buy program. But it's also about as expensive, at $249 USD. And that's before adding a memory card, which is essential for storing downloaded games and can cost up to $99 for a 32 GB card. (PS Vita memory cards use a proprietary format, and there are no third-party versions available.)
The Nintendo 3DS handheld console wasn't selling well either, until Nintendo dropped the price on it dramatically last year. It's now picking up steam, and Sony execs may have noticed the difference.
Is a price drop likely?
Just last month, Sony CEO Kaz Hirai was talking about looking to thewhen it came to sales of the PS Vita, which had only sold about 2 million units worldwide a half year or so since its launch. But then, a couple weeks ago, Sony exec Masaru Kato mentioned the Vita's "pricing" as one of thefor improving its sales. With the price drop now announced in Japan, the odds of one occurring here in the States just went up.
How much is the price drop?
Gematsu's Sal Romano explains that the PS Vita's former price, 24,980 yen, became $249 here in the States, even though it more directly compares to a $269 price tag (the same as a low-end PlayStation 3). Because of this, it's possible that the new price of 19,980 yen may become $199, even though Byford says that a more direct currency exchange would make it worth $215.
When would this happen?
The price drop will occur in Japan on Feb. 28. As far as the rest of the world goes, the most likely time for any announcements regarding the PlayStation brand would be Sony's big upcoming event on Wednesday. Among other things, it's expected that the "PlayStation 4" (its actual name yet unknown)
Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.